Truecaller: Phone scammers have become more active in defraudi | ERC20 Official Crypto channel

Truecaller: Phone scammers have become more active in defrauding crypto investors

Clayton LiaBraaten, senior executive adviser at phone security company Truecaller, said professional phone scammers targeted cryptocurrencies following the FTX default.

The most popular scheme is a call allegedly from the technical support of a large crypto exchange and the use of all available information about the user in order to extort data about crypto wallets or accounts. LeaBraaten says the current time is perfect for this kind of activity, with people posting an alarming amount of information about themselves on social media.

“Scammers use utilities to collect and structure a lot of information about people. These charts are very easy to build and start targeting specific personas. The current conditions make it possible to collect a lot of material for social engineering, especially against the younger generation,” the expert says.